The Association of Chartered Certified Accountants (ACCA) has applied for termination of its status as a regulator of probate services. However, the England and Wales legal sector's super-regulator, the Legal Services Board (LSB), has rejected the request, believing that some of ACCA's members are still offering non-contentious probate services without having transferred to an alternative regulator.
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Published date
27/01/2022
A final public consultation has now opened on the European Commission's (EC’s) proposal for a directive to prevent the misuse of shell entities, published at the end of 2021.
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Published date
27/01/2022
A recent decision in the Ontario Superior Court of Justice has shown that a standard revocation clause in a will may not be considered applicable to beneficiary designations.
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Published date
25/01/2022
A private members' Bill to give a deceased or incapacitated person's family immediate access to their digital data, without having to take legal action against digital platforms, has been introduced to the UK parliament.
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Published date
24/01/2022
Jersey's government has published draft legislation proposing to impose a new tax on property purchases made through a corporate entity.
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Published date
24/01/2022
Italy’s Ruling no. 9 of 11 January 2022, issued last week, provides guidance concerning its criteria for disregarding a Liechtenstein family foundation (Stiftung) for Italian income tax purposes. The Italian tax authority’s Ruling also clarifies the treatment of the distribution of the proceeds from the sale of the Stiftung's assets to the beneficiaries' heirs for Italian inheritance and gift tax purposes.
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Published date
20/01/2022
From April 2023, owners of second homes in England will not qualify to pay business rates rather than council tax unless they can prove that the properties are actually rented out as a self-catering holiday let for at least 70 days a year.
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Published date
20/01/2022
The Colombian tax authority has issued Resolution No.164, establishing the criteria for identifying the ultimate beneficial owner (UBO) of legal entities or structures without legal status.
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Published date
19/01/2022
A man whose organic farming business lost money for 17 consecutive years is not entitled to write off the losses against his other income, the England and Wales Court of Appeal (EWCA) has ruled.
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Published date
17/01/2022
The US Court of Appeals for the Fifth Circuit (the Fifth Circuit) has quashed the conviction of a Texas attorney for alleged participation in a conspiracy regarding untaxed income held in an offshore company bank account.
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Published date
17/01/2022